Yue Kan Holdings Limited (2110) AI Stock Analysis

• Market Cap: HK$45.00M
• Dividend Yield: N/A
• Average Volume (3M): 981.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: -9.20%
• EPS Growth: 32.32%
• Country: HK
• Employees: 106
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.07
• Shares Outstanding: 300,000,000
• 10 Day Avg. Volume: 139,400
• 30 Day Avg. Volume: 981,200
• PEG Ratio: 0.03
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -2.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Yue Kan Holdings Limited's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability margins. The technical analysis suggests a positive short-term trend, but the overbought RSI indicates potential risks. The valuation is unattractive due to a negative P/E ratio and no dividend yield.

Yue Kan Holdings Limited Business Overview & Revenue Model

Company Description

Tian Cheng Holdings Ltd. engages in marine construction works. It specialises in reclamation works and supplemented by vessel chartering services and other civil engineering works. The company was founded 0n 24 May, 2018 and is headquartered in Hong Kong.

How the Company Makes Money

Yue Kan Holdings generates revenue through a variety of streams, primarily from its logistics services which include transportation, warehousing, and supply chain management solutions. Additionally, the company earns income from trading consumer products, where it sources and distributes goods to various markets. The revenue model is bolstered by strategic partnerships with suppliers and logistics providers, enhancing operational capabilities and market reach. The company also engages in investment activities, generating income through dividends and capital appreciation from its portfolio, which contributes to its overall earnings.

Yue Kan Holdings Limited Financial Statement Overview

Summary

Yue Kan Holdings Limited is facing significant financial challenges, with negative profit margins and cash flows. The balance sheet shows low leverage, but declining equity ratio increases financial risks. Improvements in revenue and cost management are needed.

Income Statement

Yue Kan Holdings Limited has faced declining revenue with a notable drop from 2021 to 2024. The company's gross and net profit margins are negative, indicating operational and net losses. Although there was slight revenue growth from 2023 to 2024, profitability remains a significant challenge with negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet shows a relatively stable equity base, but the debt-to-equity ratio remains low due to limited total debt. However, the declining equity ratio signals increased financial risk. The return on equity has been negative, reflecting the company's ongoing losses.

Cash Flow

Cash flow from operations is negative, and free cash flow has consistently been negative, highlighting cash management challenges. The operating cash flow to net income ratio is unfavorable, indicating cash flow issues relative to reported losses. The company needs to improve its cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	202.78M	202.78M	223.33M	198.03M	212.28M	345.62M
Gross Profit	-13.67M	-13.67M	-31.86M	-62.34M	30.21M	56.01M
EBITDA	-22.46M	-22.46M	-31.36M	-73.13M	30.79M	53.57M
Net Income	-34.48M	-34.48M	-44.14M	-87.05M	16.68M	37.63M
Balance Sheet
Total Assets	81.56M	81.56M	117.47M	145.99M	227.77M	265.47M
Cash, Cash Equivalents and Short-Term Investments	28.10M	28.10M	25.82M	33.69M	85.18M	124.52M
Total Debt	2.56M	2.56M	4.95M	6.84M	1.01M	1.62M
Total Liabilities	38.10M	38.10M	43.56M	39.52M	34.29M	63.67M
Stockholders Equity	43.46M	43.46M	73.90M	106.47M	193.48M	201.79M
Cash Flow
Free Cash Flow	-13.05M	-12.79M	-26.79M	-49.84M	-13.67M	20.11M
Operating Cash Flow	-13.05M	-12.79M	-26.70M	-38.71M	14.82M	34.22M
Investing Cash Flow	10.82M	10.82M	8.80M	-10.77M	-28.18M	-24.11M
Financing Cash Flow	1.49M	1.49M	10.06M	-2.02M	-25.68M	83.40M

Yue Kan Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2110, the sentiment is Positive. The current price of 0.15 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.13, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.80 is Neutral, neither overbought nor oversold. The STOCH value of 24.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2110.

Yue Kan Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3728	―	HK$66.86M	7.10	7.15%	―	42.91%	-12.26%
2110	―	HK$45.00M	―	-58.76%	―	-9.20%	32.32%
8366	―	HK$44.16M	46.67	―	―	-7.34%	―

Yue Kan Holdings Limited Corporate Events

Tian Cheng Holdings Limited Announces New Share Placement

Tian Cheng Holdings Limited, incorporated in the Cayman Islands, announced a new share placement under a general mandate. The company plans to issue up to 60 million new shares at a price of HK$0.1 per share, representing a discount to recent trading prices. The placement aims to raise approximately HK$5.71 million in net proceeds, which will be used for general working capital. The placement is subject to certain conditions, and the company advises shareholders and potential investors to exercise caution.

Tian Cheng Holdings Schedules Annual General Meeting with Key Resolutions

Tian Cheng Holdings Limited has announced its upcoming annual general meeting, scheduled for November 27, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of audited financial statements, re-appointment of auditors, re-election of directors, and authorization for the board to manage share allotments. These resolutions are crucial for the company’s governance and operational continuity, potentially impacting shareholder value and corporate strategy.

Tian Cheng Holdings Announces Executive Director Resignation

Tian Cheng Holdings Limited has announced the resignation of Mr. Wong Yuk from his position as an executive director, effective September 1, 2025. Mr. Wong will continue to serve as the company secretary and authorized representative. The company expressed gratitude for his contributions and confirmed there were no disagreements or issues related to his resignation.

Tian Cheng Holdings Announces Board and Committee Structure

Tian Cheng Holdings Limited has announced the composition of its board of directors, comprising six members, including three executive directors and three independent non-executive directors. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors appointed to each committee, effective from September 1, 2025.

Tian Cheng Holdings Reports Annual Financial Results with Mixed Segment Performance

Tian Cheng Holdings Limited, a company involved in marine construction, civil engineering, vessel chartering, and health and wellness services, announced its annual results for the year ended 31 May 2025. The company reported a 9.2% decrease in revenue to approximately HK$202.8 million, with significant declines in the marine construction and vessel chartering segments. However, the civil engineering segment saw a substantial increase in revenue. Despite a reduction in net loss compared to the previous year, the company continues to face financial challenges, impacting its overall market positioning.

Tian Cheng Holdings Clarifies Vessel and Equipment Disposal Transactions

Tian Cheng Holdings Limited announced clarification regarding its disposal transactions involving vessels and site equipment. The company detailed the agreements and financial considerations related to the disposals, including the Kat Yue 3 and Kat Yue 6 agreements with Starus Construction. The announcement also highlighted a financial turnaround from a net profit to a net loss for the vessel Kat Sing 3, attributed to impairment.

Yue Kan Holdings Announces Asset Disposals and Compliance Oversight

Yue Kan Holdings Limited has announced a series of asset disposals involving vessels and site equipment. The company has entered into agreements to sell Kat Yue 3, Kat Yue 6, Kat Sing 3, Kat Sing 6, and site equipment to different purchasers for a total consideration of HK$18,400,000. These transactions are classified as discloseable under the Listing Rules, requiring reporting and announcement due to their percentage ratios. However, the company failed to comply with the notification requirements in a timely manner due to management oversight and unfamiliarity with the Listing Rules, leading to a delay in the necessary disclosures.

Tian Cheng Holdings Releases Supplemental Information on Share Option Scheme

Tian Cheng Holdings Limited has released a supplemental announcement regarding its annual report for the year ended 31 May 2024. The company has disclosed additional information about its Share Option Scheme, stating that the total number of options available for grant remained at 22,240,000 shares, representing 10% of the total shares at the scheme’s adoption. This supplemental information does not alter any other details in the annual report.